Market Update Highlights - Find the full announcement here.
New technical team is re-evaluating and prioritising projects to support mine expansion and increase life of mine
Production experience over recent months and spectacular sample results within current work faces support an increasingly confident view of the Company's production outlook
8 Level diamond drilling program expanded to test prognosed northern extensions of both McNally and Stones reefs
The latest modelling of McNally Reef suggests that a robust increase in near term production - from this work area alone - is likely to be sustainable. Longer-term approaches to mine planning and operational efficiencies are resulting in higher production rates relative to allocated resources; utilising existing infrastructure, minimal development is likely to be required to deliver multi-level ore-handling and trucking operations and hence sustained increased production output.
Diamond drilling on 8 Level* has been significantly expanded and is targeting:
Fig 5: Long Section looking West: Current work areas at McNally and Stones reefs with prognosed extensions and 8 Level (radial) diamond drilling, currently being undertaken at Morning Star by the Company's drilling team: 1) McNally Reef open north; 2) McNally Reef open south; 3) Stones Reef open north; 4) Stones Reef open south.